Trema says its new front office pricing module, Pricing KIT, offers users access to the price of any financial instrument handled by Finance KIT and also enables users to make comparisons of market quotes. It adds that two companies have
State Street has been appointed to provide global custody, fund accounting and performance measurement for $300 million in assets for the Hong Kong Electric retirement fund. "We look forward to working with Hongkong Electric, a long standing member of the
Taiwan is to set up a Central Depository Company for bills and financial debentures in September this year. The new CSD, which will be capitalised at NTD 2 billion (US$ 57 million), will be owned by bill houses, custodians, clearing
Mercer Investment Consulting has been appointed to provide investment manager selection services for Pacific equities to the First Swedish National Pension Fund (Frsta AP Fonden). Frsta AP Fonden is one of the four buffer funds in the new Swedish Pay
US tax exempt assets invested in cross border assets declined for the third consecutive year in 2002, but cross border assets as a percentage of total US pension assets remained stable, according to the results of a new survey published
Sun Microsystems has lowered the UK prices of its recently launched Fire V1280 system ."The Sun Fire V1280 system strengthened our midrange server family and pushed Sun's leading enterprise system features and functionality into new, lower price points," says Steve
BISYS has mortgaged its technological future to SunGard. The company says it is adding four more SunGard Systems to its core mutual fund priocessuing platform. The four SunGard products are Decalog (a portfolio management and trade execution integrated with the
Alan Burton, outgoing Chairman of the Investment Management Association, today called on the financial services industry to take action to regain investor confidence and not wait for the equity markets or the regulator to solve its problem. Speaking at the
JPMorgan has formed a new team within its Clearance and Collateral Management division in New York to introduce a regulatory cash collateral service targeted at broker dealers who need to comply with the Security and Exchange Commission (SEC)'s customer protection
BNP Paribas is still pondering whether to launch a counter bid for Credit Lyonnais, which is being sold to Credit Agricole for Euros 19.5 billion. Last year, BNP built up a stake of over 16 per cent in Lyonnais before